GOP House Comes Through With Tax Reform

What’s in the bill? Read the full text here: HR-1-House-Tax-Reform-Bill

Democrat lawmakers falsely claim the middle class will not benefit.

Moynihan-quote-you-are-entitled-to-your-opinion-but-you-are-not-entitled-to-your-own-facts-daniel-patrick-moynihan-36-8-0815
Enter a capSELRES_615b7b36-3fce-4824-b520-168090538d95SELRES_de37c7d5-28d0-47ce-8437-78e60c4310d2SELRES_1d97a2a5-5755-4b2f-a64f-fef649a2321aSELRES_1d97a2a5-5755-4b2f-a64f-fef649a2321aSELRES_de37c7d5-28d0-47ce-8437-78e60c4310d2SELRES_615b7b36-3fce-4824-b520-168090538d95Senator Daniel Patrick Moynihan – click on the image to learn about this great man

A couple weeks ago, Democrat lawmakers pushed a bill that would raise taxes $10 trillion and spending by $11 trillion. If this were to actually happen, the United States of America would inevitably fall into an economic depression from which we would probably never recover.

The Bottom Line

Republican lawmakers are keeping their campaign promises.

We are on our way to Make America Great Again.

John White
Rockwall, Texas

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Is there truly an economic benefit to lower taxes?

Is there truly an economic benefit to lower taxes?

obama-vs-reagan-economics

I can attest to the veracity of this chart above from Sen. Ted Cruz. President Reagan held office from 1981 through 1989. We started our business in 1987 in the aftermath of the I-30 condo scandal that wiped out several savings-and-loan companies. It was an improved economy that got us over that disastrous scandal.

We enjoyed a booming business under two presidents, “government is the problem” Reagan and “it’s the economy stupid” Clinton.

gdp under 12 presidents

Taxes paid to governments by no means deserve to be labelled “investments”.

Investment defined: the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value

Taxes NEVER appreciate your value. It is the returns on investments that add value.

Gross Domestic Product (GDP) is a measure of economic activity that represents “the total dollar value of all goods and services produced over a specific time period.” [investopedia.com]

Trump haters virulently oppose tax cuts even when tax cuts work to their benefit. Blind hatred as defined in the Urban Dictionary is “to strongly dislike something without knowing the facts, or by using false information“. The Bible warns:

He also told them this parable: “Can the blind lead the blind? Will they not both fall into a pit? – Luke 6:39

Here’s a little wisdom if you can handle it: A rising tide floats all boats. This means that economic growth is good for Republicans, Democrats, Libertarians, anarchists, socialists, Christians, Jews, Muslims, atheists, and communists. (Anyone left out?)

Here’s a little more wisdom: Profitability of businesses forms capital to fund new businesses and to expand existing enterprises. We business owners are the folks who risk our net worth to provide goods and services and employment to add to your net worth.

No nation in all history has ever taxed itself into prosperity.

“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” – Sir Winston Churchill

As it is written in Holy Scripture, “you will know the truth, and the truth will set you free”.

John White
Rockwall, Texas

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Venezuelan Tyrant Macuro Turns to Rabbits for National Salvation

Can Bugs Bunny save Venezuela?

Easy answer: No. Rabbits cannot save Venezuelans. How did Venezuela come to this situation of hunger, government tyranny, murder, and silencing of public dissent?

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Listen to this CNN report titled: Can rabbit meat save Venezuela from going hungry? http://cnnmon.ie/2h5lAFE

Socialism did NOT begin with former president Hugo Chavez; it began with a people who expected the government to provide all their needs. It did. For a span of time. Then the expected happened: Venezuela began to run out of money and credit.

As former British Prime Minister Margaret Thatcher said, “The problem with socialism is that you eventually run out of other people’s money.”

For the reasons made so obvious above, I have opposed ObamaCare even before Obama assumed office. Nothing has changed my mind.

I learned some neighbors near me cannot retire because they can’t afford the $800/month ObamaCare premium and neither can they afford the $8,000 deductible.

The government does some things very well and those things authorized by our Constitution are those that go well.
When we the people expect the government to take on responsibilities outside constitutional boundaries, we get similar results as do the Venezuelans.

I urge you to remind the House of Representatives and the Senate that our desire and the promise of our Republican Party was for a full repeal. Not a fix. Not more loopholes. Not repealed and replaced. Repealed. Period.

The National debt now soars well above $20 trillion with no end in sight. Higher tax rates will not pay down the debt, but higher incomes can. Therefore, I also urge you to demand the elimination of the Death Tax that robs widows and heirs of their inheritances, and abolition of all corporate income tax which is double taxation.

We small business owners can attest to the fact we pay income taxes twice: first on corporate earnings, then on our personal income.

Socialism blinds a people. By the time the people realize socialism is unsustainable, it’s just too late.

John White
Rockwall, Texas

Venezuela struggling through a Cuban-style “Special Period”

Headline: Venezuelans Eating Dogs, Zoo Animals as Economy Collapses

venezuelans eating dogs.png
After the collapse of the Soviet Union, Cubans suffered greatly through what Fidel Castro called “The Special Period“. Collectively, the collapse of the USSR and the subsequent Cuban “Special Period” (my Cuban friends always make quotation marks when they mention this phrase) demonstrate the inevitable end of a socialist economy.

This is the result of 18 years of misery and socialis[m], and we have the responsibility to denounce it, but above all to do what is necessary to change it. To wait another year is to prolong hunger, allow more deaths, it is pain. How much more will we ask the people to withstand?” – Vente Venezuela Coordinator Javier Chirinos

What’s next? I foresee a violent and bloody civil war in Venezuela’s future. A Civil war in Venezuela could (and probably will) ignite rebellions in Columbia and Ecuador. I can even imagine anti-government uprisings in Mexico.

There are communists in all western hemisphere countries who hate Americans as they oppose civil freedoms.

Nicolás Maduro is without a doubt attempting to establish a communist government in his country of Venezuela. His adoration of Fidel Castro and his use of Cuban bureaucrats to run Venezuelan government is all the evidence you need.

John White
Rockwall, Texas

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Government-Off-The-Rails – A sordid tale of establishment corruption

mueller expands his probe again
Image: Frontpage Magazine 21 July 2017

The stated purpose for the Special Prosecutor is to investigate possible collusion between the Trump campaign and Russia.

So, when did Mr. Donald Trump become Candidate Donald Trump? The answer is July 2016 when he announced his candidacy.

It’s time for all Americans, regardless political affiliation, to rise up and say ENOUGH!! Enough of this mindless campaign to overturn the 2016 Presidential election.

Mueller expands his “investigation” a second time for a span of TEN YEARS prior to the 2016 elections.

Background: Mueller is a Democrat, a former FBI director who hired a staff of Democrat lawyers that were all Clinton contributors. Even Senator Chuck Schumer should have the discernment that this is government-off-the-rails.

While there is ZERO evidence of wrongdoing by Mr. Trump, there is ample evidence of wrongdoing by Mrs. Clinton. Why is there no investigation of her? Have the establishment people so compromised Jeff Sessions that he cannot do the right things?

Today I will tell my two U.S. Senators, John Cornyn and Ted Cruz, to end the witch hunt that threatens our national security, our international prestige, and, if allowed to continue, will cause investors to lose confidence in the United States of America. When investors lose faith in the economy, there will be a disastrous depression the likes of which the world has never seen.

John White
Rockwall, Texas

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Immigrants – Who Needs Them?

Debates and discussions on the subject of immigration policies go unresolved due to intransigent postures of the persons on either side of the issue.

us-immigration-and-naturalization

Does the United States of America need immigrants? This is a great question. Let’s ask a few more questions.

What is a sustainable population? For the U.S.A., a sustainable birth rate is 2.1 births per woman. In 2016, our nation’s birth rate was 1.9 births per woman.

us fertility rate 2016

“Today, almost 50% of women between the ages of 25 and 29 are childless. In fact, the highest rate of childless women aged 15 to 44 since the US Census Bureau began tracking it in 1976 was reported in 2014 when 47.6% of American women had no children.” – Population Education

How does the U.S. compare to some other nations? In 2016, the birthrate of Japan was 1.45 births per woman. In Russia, the rate was 1.77 births per woman and 2.18 in Mexico.

Do Immigrants Steal Jobs from Americans? Another great question. Let’s test the job market.

How many posted job openings go unfilled? The following article from Forbes reports,

At a recent media event touting the need for apprentice programs, Donald Trump and his daughter Ivanka pointed to the latest news from the U.S. Department of Labor: There are currently 6 million job openings in the United States.

The data come from the Job Openings and Labor Turnover Survey (JOLTS), which is released monthly. The survey reports an increase of 400,000 job openings at the end of April 2017 as compared to April 2016.

The job market is so strong that businesses and economists believe the inability to find workers is harming economic growth and could encourage companies to move operations. Zimmer Biomet, a maker of artificial orthopedic devices located in Warsaw, Indiana, cannot find sufficient workers for its factory. “It is struggling to find enough workers, despite offering some of the region’s best pay and benefits,” according to the Washington Post.

What is the future of a nation for which the birth rate cannot sustain it?

I propose my fellow Americans set aside intransigence on either side of the immigration issue to take the time to question the present and future of our nation with respect to sustaining the population and our common prosperity.

While our nation was founded on solid Christian principles, the principles don’t fund functions of government. Taxpayers do this. Government tends to uphold spending as the birthrate declines, leaving the next generation of Americans saddled with ever greater levels of taxation.

One can argue that the federal government has an insatiable appetite to spend. While both parties claim to want to reign in spending, both seem to try to outdo the other while in control of Congressional ‘purse strings’.

Debates are healthy because they lead to finding common ground essential to making America great again.

John White
Rockwall, Texas

Inevitable stock market crash, says Mark Faber. Is this possible or even probable?

Inevitable stock market crash, says Mark Faber. Is this possible or even probable? His forecast:

 

mark faber prediction of market crash
click on image above for link to CNBC news story

 

Mr. Faber isn’t a prophet. He’s a student of history. His basic message is simply this: The U.S. is overdue for an economic correction.

I point to biblical economics and to a secular Russian economist’s research to highlight the 7-year and 50-year natural cycles of economic booms and busts.

First, the biblical model for economics.

Deuteronomy chapter 15 addresses cancellation of debts every seven years. Federal law provides Chapter 13 bankruptcy protection to cancel personal debts through a 7-year cycle.

Leviticus 25 provides for the 50th year of Jubilee at the end of seven sevens.

The seventh year of each cycle is called the Shemitah and you can read books and listen to podcasts that tell you all about this phenomenon.

Russian economist Nikolai Kondratieff studied history and the behavior of markets. The Russian leadership wanted him to prove the U.S. could not survive the Great Depression. Kondratieff’s research proved otherwise, so Stalin executed the messenger in 1938., but he couldn’t silence the message.

Economic downturns are painful. And necessary. And predictable.

In Texas, public school systems will be the hardest hit institutions due to dependencies on property tax revenue and extreme public indebtedness. Here in Rockwall, 65% of our property taxes go to the public school system.

The Appraisal Board can appraise all they wish, but fact of the matter is this: if a property owner can’t pay his or her taxes, that government entity will run short of cash quickly.

In this coming economic cycle, many governments will break down due to insolvency, including state governments.

How do you prepare for the inevitable?

  1. First and foremost, have faith in God. Read and study the Bible.
  2. Second, Learn from history as does Mr. Faber.
  3. Third, get out of debt as fast as you can and have ready cash on hand.
  4. Recognize how economic cycles are pretty much like day and night. A sunrise follows every sunset. Instead of losing hope, look forward expectantly to the next economic ‘sunrise’.

The Bible points to specific strategies that can help you.

What’s my plan? I will follow my own advice.

John White
Rockwall, Texas